Funding for Indian Startups Sees 79% Year-on-Year Drop This Week
Tom
Funding for Indian startups dropped 79% year-on-year this week. ETtech Deals Digest provides a list of startups that raised money this week.
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Glance surpasses 30 million users in Indonesia. Plans to launch Roposo in the next quarter. Will offer more gaming and live game streaming through its gaming platform Nostra.
CarTrade Launches CarTrade Ventures, Plans to Invest Rs 750 Crore in Automotive Space
CarTrade launches CarTrade Ventures with the intention to invest Rs 750 crore in the automotive space. The company plans to acquire and invest in companies offering unique services and technology…
Mindgrove secures seed funding from Sequoia India and other investors
Semiconductor startup Mindgrove Technology, incubated at IIT Madras, has raised $2.35 million in a seed funding round. The round was led by Sequoia Capital India, Speciale Invest, and Whiteboard Capital.…
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Noise and Fire Boltt have both surpassed 5% of the global smartwatch market share. Noise has a 5.6% market share and Fire Boltt has a 5.5% market share. Both companies…
Match Group explores investment in Indian matrimonial site Shaadi
Match Group, a Nasdaq-listed company, is exploring an investment in Indian matrimonial site Shaadi.com. Match Group has a market cap of $11.85 billion and owns dating apps such as Tinder,…
Byju’s considers shutting down coding platform WhiteHat Jr
Byju’s is considering shutting down WhiteHat Jr, a coding platform it acquired two years ago for an enterprise value of $300 million. Byju’s is looking to reduce expenses and eliminate…
Cash-rich EdTech Companies Look to Acquire Rivals During Funding Winter
EdTech startups with cash reserves, such as PhysicsWallah, UpGrad, and Lead, are searching for potential deals. These deals will help enhance their current offerings and expand their reach.
Web3 gaming startup IndiGG secures Rs 160 crore in funding
Web3 gaming startup IndiGG raises Rs 160 crore in funding. The funding values the entity at Rs 1,200 crore.
UP Government Allocates Funds to Support Startups
The UP Government has allocated funds in the budget to promote startups. Startups will be encouraged in a variety of industries, including agriculture, health care, energy, khadi, education, tourism, and…
Tiger Global sells 1.7% stake in Delhivery for Rs 414 crore
Tiger Global, through Internet Fund III Pte, sells 1,23,63,060 shares of Delhivery at Rs 335.06 apiece. The sale represents a 1.7% stake in the logistics services provider. The total value…
ChrysCapital targets $100 million investment in Lenskart
ChrysCapital is looking to invest up to $100 million in Lenskart. This would be one of the largest investments in a new-age entity by ChrysCapital. ChrysCapital has previously invested in…
Fibe surpasses Rs 10,000 crore in loan disbursals, aims for Rs 20,000 crore AUM by 2025
Fibe has crossed Rs 10,000 crore in loan disbursals. The company has set a goal of Rs 20,000 crore AUM by 2025. Fibe has launched an upgraded app with a…
Chronicle secures $7.5 million in funding led by Accel and Square Peg
Presentation software provider Chronicle has raised $7.5 million in a seed funding round. The round was led by Accel and Square Peg. Angel investors from Apple, Google, Meta, Slack, Stripe,…
AdmitKard, edtech startup, raises Rs 50 Cr in Series A round
Edtech company AdmitKard has raised Rs 50 crore in a Series A round, led by GSV Ventures and other investors. This is the first investment of the company in 2023.…
Zomato switches 10-minute delivery offering with home-style meals under ‘Everyday’
Zomato replaces its 10-minute delivery offering with home-style meals under the ‘Everyday’ program. This new offering replaces the Zomato Instant project, which was set to offer 10-minute deliveries for select…
